Terms & Conditions | Privacy Policy | Mysteel.com
Events
About Us
  • Home
  • /
  • Market Insights
  • /
  • Analysis
  • /
  • Article

Mysteel China edible oils market daily: USDA revised up 2026/27 soybean planting acreage

Source: Mysteel Jul 02, 2026 10:00
Share this with
X linkedin WeChat Copy this link
Plant Oil Demand Price Supply
The latest USDA report is bearish, with new-crop U.S. soybean planted area revised up by 665,000 acres from the March estimate to 85.365 million acres. Meanwhile, U.S. quarterly stocks rose 5% year-on-year, exceeding market expectations, putting near-term pressure on prices. However, the market had largely priced in the bearish sentiment, so the impact on prices was limited after the bearish news was fully absorbed. In addition, accelerated position rolling by market participants has helped strengthen support at the bottom for soybean oil.Yesterday, national soybean oil trading volume reached 20,800 tonnes. Near-month basis offers for JuneJuly remained relatively stable with a sideways bias. Current crusher operating rates remain high, and the basis is expected to continue range-bound trading in the near term.

You May Also Like
  • Mysteel China edible oils market daily: DCE edible oils market to oscillate until new catalyst emerges

    Jul 03, 2026 10:11

  • Mysteel China edible oils market daily: USDA acreage report released; three major vegetable oils weaken in range-bound trading

    Jul 01, 2026 10:17

  • Mysteel China edible oils market daily: Institutions trimmed their positions as the market waits for direction from the reports

    Jun 30, 2026 14:30

  • Mysteel China edible oils market daily: China soybean oil exports increase support soybean oil price

    Jun 29, 2026 09:24

  • Mysteel China edible oils market daily: DCE oils prices experienced a volatile trend followed by crude oil 's move

    Jun 26, 2026 09:55

Price Curve
Daily Prices
  • Square billet EXW prices: Tangshan major mills

    Jul 03, 2026 15:45

  • Construction steel prices: Baotou

    Jul 03, 2026 15:44

  • Galvanized steel prices: Shanghai

    Jul 03, 2026 15:43

  • Billet prices: CFR Middle East

    Jul 03, 2026 15:42

  • Construction steel prices: Wenzhou

    Jul 03, 2026 15:42

Terms & Conditions Privacy Policy Contact Us Mysteel.com
©2026 Mysteel Global Pte Ltd. All rights reserved. ICP BeiAn No. 沪ICP备15006920号-6
Mysteel Global WhatsApp business account
Customer Service: globalsales@mysteel.com